Will Dogecoin Become The Currency Of Twitter? Musk’s Latest Move

Key points:

• If DOGE is used as payment for Twitter’s blue service, thousands of Doge holders would likely pay, boosting Twitter’s profits and giving DOGE a further push in the indices.
• Despite the excitement, it’s important to note that Musk has not yet confirmed that Dogecoin will be accepted as payment on Twitter. We will have to wait and see.

Will Dogecoin become the currency of Twitter? Musk’s love for DOGE prompts speculation as to whether it will be accepted as payment for the blue tick service.

Dogecoin has been making waves lately, especially after Elon Musk tweeted about it being the “future of currency” during a Saturday Night Live show. Recently, the famous blue bird logo of Twitter was replaced by the Doge logo for some web browser users. This prompted a 30% increase in Dogecoin’s value within minutes, making it the top-performing cryptocurrency of the day.

However, the main question on everyone’s mind is whether Dogecoin will become the currency of Twitter. Musk is a known follower of Dogecoin and has been promoting it on his social media channels.

He even made Dogecoin the face of Twitter by sidelining the iconic bird logo. With the introduction of the ‘paid’ blue tick verification for users, some are wondering if the social media platform will integrate Dogecoin as payment for the service.

Individuals must pay a monthly subscription of $8 to receive the blue tick mark, while verified organizations must shell out $1,000. The Twitter team has not confirmed whether Doge will be accepted as payment for the blue tick services, but this could change given Musk’s fondness for the meme currency. If Doge is accepted as payment, it could boost Twitter’s profits while pushing the indices further.

Despite this development’s excitement, it is essential to note that Musk has not yet confirmed that Dogecoin will be accepted as payment on Twitter. We will have to wait and watch how things unfold to understand the developments.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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